Treasure Global Inc. (NASDAQ: TGL) stock fell -8.67% on Tuesday to $1.79 against a previous-day closing price of $1.96. With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.18 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.9800 whereas the lowest price it dropped to was $1.7600. The 52-week range on TGL shows that it touched its highest point at $19.80 and its lowest point at $1.51 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TGL was down-trending over the past week, with a drop of -12.68%, but this was up by 7.83% over a month.
Float and Shares Shorts:
At present, 17.29 million TGL shares are outstanding with a float of 9.53 million shares on hand for trading. On Dec 29, 2022, short shares totaled 73680.0, which was 0.43% higher than short shares on Nov 29, 2022. In addition to Mr. Voon Him Hoo as the firm’s Chairman & MD, Mr. Chong Chan Teo serves as its CEO, Sec. & Director.
Through their ownership of 0.69% of TGL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.85% of TGL, in contrast to 0.65% held by mutual funds. Shares owned by individuals account for 0.04%. As the largest shareholder in TGL with 0.19% of the stake, Marshall Wace LLP holds 33,486 shares worth 33,486. A second-largest stockholder of TGL, Millennium Management LLC, holds 25,431 shares, controlling over 0.15% of the firm’s shares. KCL Capital LP is the third largest shareholder in TGL, holding 25,000 shares or 0.14% stake. With a 0.04% stake in TGL, the iShares Tr. – Micro Cap ETF is the largest stakeholder. A total of 7,091 shares are owned by the mutual fund manager.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, TGL reported revenue of $16.23M and operating income of -$2.27M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TGL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy..